- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Legislation set to conclude by September 2025.
- Regulations will shape financial markets and investor access.
South Korea’s Financial Services Commission aims to finalize the second phase of virtual asset legislation by September 2025. The Virtual Asset Basic Law promises expanded investor access and regulatory reforms, enhancing the legitimacy and liquidity of the crypto market.
South Korea’s Financial Services Commission (FSC) plans to complete preparations for the second phase of virtual asset legislation before the regular National Assembly session in September 2025.
The updated legislation marks a significant regulatory evolution for South Korea’s crypto industry with substantial impacts on market and institutional dynamics.
The Financial Services Commission (FSC) spearheads this initiative with a commitment to finalize the Virtual Asset Basic Law by September 2025. The FSC’s virtual assets division is central to discussions.
The anticipated legislation is likely to affect major cryptocurrencies like BTC and ETH, enhancing institutional participation and fostering increased market liquidity and legitimacy within South Korea.
“The South Korean Virtual Asset Basic Law is set to be finalized before September.” – Chairman, Financial Committee, Financial Services Commission
By broadening institutional access, South Korea aims to attract significant new investments, potentially raising cross-border crypto trading and institutional flows.
These changes could set precedents affecting financial, political, regulatory, or technological landscapes, modeled partly on Japan’s approach. Such regulatory frameworks may redefine market operations and deploy new business models.
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